Palm Futures Downtrend Continues

KUALA LUMPUR: Crude palm oil futures contracts on Bursa Malaysia Derivatives continued downtrend, weighed by a stronger ringgit and the softness in the Chicago soyabean market.

March 2014 shed RM19 to RM2,750 a tonne, April 2014 fell RM9 to RM2,751 a tonne and May 2014 eased RM7 to RM2,734 a tonne. June 2014, July 2014 and August 2014 lost RM3 each to RM2,714, RM2,685 and RM2,667 a tonne, respectively.

Turnover dwindled to 31,950 lots from 45,780 lots and open interest fell to 211,728 contracts from 229,936 contracts previously.

On the physical market, March South was unchanged at RM2,800 a tonne. Bernama

Source : New Straits Times 

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